Acheiving the $2.08 price level following the conclusion of a recent trading day, shares of Applied DNA Sciences, Inc. (NASDAQ:APDN) have earned a second look from penny stock investors as the price changed 1.22%.

How the stock has been performing recently? Over the past twelve months, Applied DNA Sciences, Inc.’s stock was -36.73%. Over the last week of the month, it was -6.82%, -35.94% over the last quarter, and -39.88% for the past six months.

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Over the past 50 days, Applied DNA Sciences, Inc. stock was -34.13% off of the high and 18.23% removed from the low. Their 52-Week High and Low are noted here. -51.29% (High), 18.23%, (Low).

Investing in penny stocks can be one of the riskier behaviors that traders and investors engage in within the stock market. Penny stocks are defined as stocks with a share price below a certain amount, usually under $1 per share. Beginners find these stocks to be attractive due to their low price, but penny stocks come with more volatility and risk than the more traditional “blue chip” stocks.

If you’re thinking about investing in penny stocks, you need to understand the inherent risks involved before wagering significant amounts of money in the market. Penny stocks aren’t necessarily traded on a major stock exchange, meaning they don’t have to file with the SEC, and aren’t publicly scrutinized, i.e., penny stocks are bets without a much information.

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Most of the time there is no minimum standard that a penny stocks has to fulfill in order to remain on the Over-the-Counter Bulletin Board (OTCBB) exchange. Because of this, the added safety bubble isn’t there between sellers and investors.

Often times finding a buyer for penny stocks can prove to be difficult. If a buyer can’t be found, a seller may have to lower the asking price, sometimes to the point where it’s no longer profitable to sell, making it a losing proposition.

Having an account with an online brokerage account is key, you need to have a straightforward way to make transactions. Online brokerage accounts allow easy access to stocks and feature low commissions and minimal fees. It’s important to make sure that your online brokerage account provides for you the information that you need to help you make the best decisions. The best brokerage accounts include charts, historic data and the like.

Understand the trade status for whatever penny stocks you might be interested in. Experts point out that penny stocks usually have share prices because of specific reasons. There are certain warning signs inherent in the riskier penny stocks. Make sure that penny stocks you’ve considered are traded over a regular market exchange and not just over-the-counter. Over-the-counter (OTC) stock listings don’t require the same stringent regulation that larger stocks do, creating additional risk.

Penny stocks are a breeding ground for fraudsters and unscrupulous types, looking for an easy mark. Fraudsters can make easy money is by investing large in a stock, hyping it up using questionable business practices, and then finding gullible buyers willing to take it off their hands. This nebulous strategy is called the “pump-and-dump”.

Disclaimer: The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.